What are MP Materials's profit margins?

MP Materials (MP) runs a 14.2% gross margin and a -54.6% operating margin, with a -50.5% net margin.

Where do MP Materials's ratios come from?

Every ratio is computed from MP Materials's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

MP Materials MP Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	14.2%+0.1pp	14.1%+2.6pp	11.5%+0.2pp	11.3%+6.6pp	4.7%-0.8pp
Operating margin	-54.6%+12.0pp	-66.6%+14.9pp	-81.5%-14.5pp	-67%+12.6pp	-79.5%+3.6pp
EBITDA margin	-15.2%+11.6pp	-26.8%+17.4pp	-44.2%-11.8pp	-32.4%+9.6pp	-42%+2.8pp
Free cash flow margin	-123.4%+22.8pp	-146.2%-47.4pp	-98.8%-20.0pp	-78.8%+1.7pp	-80.5%+4.4pp
Returns
Return on invested capital	-7.2%+1.3pp	-8.5%+2.2pp	-10.7%-1.2pp	-9.5%+0.2pp	-9.7%0.0pp
Efficiency
Asset turnover	0.1×0.0×	0.1×0.0×	0.1×0.0×	0.1×0.0×	0.1×0.0×
Inventory turnover	3.7×-0.1×	3.9×-1.1×	5×-1.9×	6.9×-4.9×	11.8×-0.1×
Liquidity
Current ratio	7.2×-0.1×	7.2×-0.8×	8×+4.4×	3.6×-0.5×	4.1×-2.2×
Quick ratio	6.8×-0.1×	7×-0.8×	7.8×+4.4×	3.4×-0.6×	4×-2.1×
Cash ratio	3.1×-0.8×	3.9×-0.3×	4.3×+3.3×	1×+0.2×	0.8×-0.9×
Leverage
Debt-to-equity	0.5×0.0×	0.5×0.0×	0.5×-0.4×	0.9×0.0×	0.9×0.0×
Debt-to-assets	0.3×0.0×	0.3×0.0×	0.3×-0.1×	0.4×0.0×	0.4×0.0×
Interest coverage	-4.1×+0.6×	-4.7×+1.9×	-6.7×-0.6×	-6.1×+0.1×	-6.2×+1.2×
Per Share
Book value per share	$11.05-5.0%	$11.63+3.6%	$11.23+82.0%	$6.17-2.5%	$6.33+1.9%
Valuation
Market capitalization	$8.57B-4.2%	$8.95B-24.6%	$11.88B+108%	$5.71B+43.0%	$3.99B+56.7%
Enterprise value	$8.7B-1.0%	$8.8B-25.1%	$11.74B+84.5%	$6.36B+35.1%	$4.71B+48.1%
Price / sales	33.7×-6.2×	39.9×-11.1×	51×+27.5×	23.6×+5.1×	18.5×+6.0×
Price / book	4.4×-0.2×	4.5×-1.5×	6×+0.4×	5.6×+1.8×	3.9×+1.4×
EV / sales	34.2×-5.0×	39.2×-11.2×	50.4×+24.2×	26.3×+4.5×	21.8×+6.2×
Free cash flow yield	-3.7%0.0pp	-3.7%-1.7pp	-1.9%+1.4pp	-3.3%+1.0pp	-4.4%+2.4pp

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Questions, answered.

What are MP Materials's profit margins?: MP Materials (MP) runs a 14.2% gross margin and a -54.6% operating margin, with a -50.5% net margin.
Where do MP Materials's ratios come from?: Every ratio is computed from MP Materials's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.